building a STRONGER foundation - Cemex
building a STRONGER foundation - Cemex
building a STRONGER foundation - Cemex
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Our Operations in Poland<br />
Overview. As of December 31, 2010, we held 100% of CEMEX Polska Sp. ZO.O, or CEMEX Polska, our main subsidiary in<br />
Poland. We are a leading provider of <strong>building</strong> materials in Poland serving the cement, ready-mix concrete and aggregates markets. As<br />
of December 31, 2010, we operated two cement plants and one grinding mill in Poland, with a total installed cement capacity of three<br />
million tons per year. As of December 31, 2010, we also operated 41 ready-mix concrete plants, nine aggregates quarries, ten land<br />
distribution centers and two maritime terminals in Poland.<br />
The Cement Industry in Poland. According to the Central Statistical Office in Poland, total construction output in Poland<br />
increased by 3.5% in 2010. In addition, according to our estimates, total cement consumption in Poland reached approximately<br />
15.7 million tons in 2010, an increase of 2% compared to 2009.<br />
Competition. Our primary competitors in the cement, ready-mix concrete and aggregates markets in Poland are Heidelberg,<br />
Lafarge, CRH and Dyckerhoff.<br />
Capital Expenditures. We made capital expenditures of approximately U.S.$104 million in 2008, U.S.$7 million in 2009 and<br />
U.S.$10 million in 2010 in our operations in Poland, and we currently expect to make capital expenditures of approximately U.S.$31<br />
million in Poland during 2011.<br />
Our Operations in South-East Europe<br />
Overview. As of December 31, 2010, we held 100% of CEMEX Hrvatska d.d., our operating subsidiary in Croatia. We are the<br />
largest cement producer in Croatia based on installed capacity as of December 31, 2010, according to our estimates. As of<br />
December 31, 2010, we operated three cement plants in Croatia, with an installed capacity of 2.4 million tons per year. As of that date,<br />
we also operated 12 land distribution centers, four maritime cement terminals, eight ready-mix concrete facilities and one aggregates<br />
quarry in Croatia, Bosnia & Herzegovina, Slovenia, Serbia and Montenegro.<br />
The Cement Industry in Croatia. According to our estimates, total cement consumption in Croatia alone reached almost<br />
1.8 million tons in 2010, a decrease of 23% compared to 2009.<br />
Competition. Our primary competitors in the cement market in Croatia are Nexe and Holcim.<br />
Capital Expenditures. We made capital expenditures of approximately U.S.$14 million in 2008, U.S.$8 million in 2009 and<br />
U.S.$10 million in 2010 in our operations in South-East Europe, and we currently expect to make capital expenditures of<br />
approximately U.S.$4 million in the region during 2011.<br />
Our Operations in the Czech Republic<br />
Overview. As of December 31, 2010, we held 100% of CEMEX Czech Operations, s.r.o., our operating subsidiary in the Czech<br />
Republic. We are a leading producer of ready-mix concrete and aggregates in the Czech Republic. We also distribute cement in the<br />
Czech Republic. As of December 31, 2010, we operated 54 ready-mix concrete plants and nine aggregates quarries in the Czech<br />
Republic. As of that date, we also operated one cement grinding mill and one cement terminal in the Czech Republic.<br />
The Cement Industry in the Czech Republic. According to the Czech Statistical Office, total construction output in the Czech<br />
Republic decreased by 7.8% in 2010. The decrease was primarily driven by a continued slowdown in civil engineering works.<br />
According to the Czech Cement Association, total cement consumption in the Czech Republic reached 3.8 million tons in 2010, a<br />
decrease of 10% compared to 2009.<br />
Competition. Our main competitors in the cement, ready-mix concrete and aggregates markets in the Czech Republic are<br />
Heidelberg, Dyckerhoff, Holcim, Skanska and Lafarge.<br />
Capital Expenditures. We made capital expenditures of approximately U.S.$12 million in 2008, U.S.$2 million in 2009 and<br />
U.S.$5 million in 2010 in our operations in the Czech Republic, and we currently expect to make capital expenditures of<br />
approximately U.S.$10 million in the Czech Republic during 2011.<br />
Our Operations in Latvia<br />
Overview. As of December 31, 2010, we held 100% of SIA CEMEX, our operating subsidiary in Latvia. We are the only<br />
cement producer and a leading ready-mix cement producer and supplier in Latvia. From our cement plant in Latvia we also supply<br />
markets in Estonia, Lithuania, Finland, northwest Russia and Belarus. As of December 31, 2010, we operated one cement plant in<br />
Latvia with an installed cement capacity of 1.2 million tons per year. As of that date, we also operated five ready-mix concrete plants<br />
in Latvia and one aggregates quarry.<br />
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